🔍 A Technical Look at WCT/USDT — Bullish Momentum Within a General Downtrend 🔍

⚙️ Technical Summary (Hourly Frame):

📈 Current Trend: 11 Buy Signals vs 6 Sell Signals

⚖️ Indicators: Mixed (MACD and Momentum = Buy, CCI = Sell)

📊 Moving Averages:

Short and Medium: Bullish

Long (100 and 200): Still Bearish

VWMA = Buy | Hull MA = Sell

💹 Current Price: $0.2995

Important Resistance: 0.30–0.31

Strong Support: 0.2817

Next Resistance Target: 0.3313

📌 Expected Scenarios:

✅ In Case of Bullish Breakout:

Entry: After closing above 0.31

Targets: 0.3548 then 0.4123

Stop Loss: Below 0.2817

❌ In Case of Price Rejection at Resistance:

Entry: When breakout fails near 0.31

Targets: 0.2886 → 0.2424

Stop Loss: Above 0.31

📌 Summary: Bullish momentum exists in the short term, but the overall trend has not changed. A clear breakout above 0.31 may open the door for upward movement, while a failure could lead to a new decline towards supports.

🛑 This is not financial advice.

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